Fort Washington Investment Advisors Inc. OH decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.4% during the first quarter, Holdings Channel reports. The institutional investor owned 219,875 shares of the wireless technology company’s stock after selling 12,651 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in QUALCOMM were worth $12,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Noesis Capital Mangement Corp increased its position in shares of QUALCOMM by 5.8% in the first quarter. Noesis Capital Mangement Corp now owns 103,265 shares of the wireless technology company’s stock valued at $5,921,000 after buying an additional 5,635 shares in the last quarter. American International Group Inc. increased its position in shares of QUALCOMM by 0.9% in the first quarter. American International Group Inc. now owns 712,615 shares of the wireless technology company’s stock valued at $40,861,000 after buying an additional 6,512 shares in the last quarter. Leisure Capital Management increased its position in shares of QUALCOMM by 1.9% in the first quarter. Leisure Capital Management now owns 31,026 shares of the wireless technology company’s stock valued at $1,779,000 after buying an additional 573 shares in the last quarter. Schroder Investment Management Group increased its position in shares of QUALCOMM by 30.8% in the first quarter. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company’s stock valued at $375,369,000 after buying an additional 1,544,792 shares in the last quarter. Finally, Princeton Capital Management Inc. increased its position in shares of QUALCOMM by 16.1% in the first quarter. Princeton Capital Management Inc. now owns 57,183 shares of the wireless technology company’s stock valued at $3,279,000 after buying an additional 7,927 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

QUALCOMM Incorporated (NASDAQ QCOM) opened at 52.70 on Tuesday. The firm has a market cap of $77.79 billion, a price-to-earnings ratio of 20.18 and a beta of 1.29. QUALCOMM Incorporated has a one year low of $51.05 and a one year high of $71.62. The firm has a 50-day moving average of $55.44 and a 200-day moving average of $56.02. QUALCOMM also was the target of some unusual options trading activity on Monday. Traders purchased 21,472 put options on the company. This represents an increase of 152% compared to the average volume of 8,513 put options.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the business posted $1.16 EPS. QUALCOMM’s revenue was down 11.1% compared to the same quarter last year. Analysts anticipate that QUALCOMM Incorporated will post $4.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be paid a $0.57 dividend. The ex-dividend date is Monday, August 28th. This represents a $2.28 dividend on an annualized basis and a yield of 4.33%. QUALCOMM’s payout ratio is presently 87.36%.

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Several brokerages recently issued reports on QCOM. Wells Fargo & Company restated an “outperform” rating on shares of QUALCOMM in a research report on Monday, July 31st. ValuEngine downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Sanford C. Bernstein restated a “market perform” rating on shares of QUALCOMM in a research report on Tuesday, July 25th. BidaskClub downgraded QUALCOMM from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Mizuho restated a “buy” rating and set a $65.00 price objective on shares of QUALCOMM in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.96.

In other QUALCOMM news, EVP Michelle M. Sterling sold 5,509 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $59.11, for a total value of $325,636.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the completion of the sale, the president now owns 5,855 shares in the company, valued at $324,249.90. The disclosure for this sale can be found here. Insiders sold a total of 62,802 shares of company stock worth $3,544,381 over the last quarter. 0.24% of the stock is currently owned by company insiders.

About QUALCOMM

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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